- Docente: Daniele Fabbri
- Credits: 6
- SSD: SECS-P/03
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: Second cycle degree programme (LM) in Innovation and Organization of Culture and the Arts (cod. 0902)
Learning outcomes
The student is expected to understand:
- the role of government in mixed economies
- economic efficiency and Pareto efficient allocations
- market and public failures
- results of the social choice theory
- role of the government in the redistribution of income
- financing of government interventions through the tax system.
Course contents
The course starts with a basic treatment of the logic behind perfectly competitive markets. Thenafter we consider circumstances (externalities, public goods, incomplete and asymmetric information, natural monopoly) making competitive market to fai.
We will then analyse the effects of a range of private and public institutions adopted as remedies to those problems (public provisions, setting standards, using taxes or subsidies, setting rules). In assessing the properties of different forms public intervention, we will also focus on the issue of government failures, discussing the properties of the main voting schemes and the role of influence groups in shaping legislation and regulation.
Readings/Bibliography
Mankiw, G., Principles of Economics, Dryden Press, 1998
Gruber J., Public Finance and Public Policy, Worth Publishers, 2005
Heilbrun and Gray“The Economics of Arts and Culture”, 2001
additional reading material will be circulated during the
course
Teaching methods
classes
Assessment methods
written exam
Teaching tools
personal computer and video projector
Links to further information
http://www2.dse.unibo.it/dfabbri/dfabbri_1.htm
Office hours
See the website of Daniele Fabbri